Negative gearing and capital gains tax

Negative gearing and capital gains tax

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It is fairly obvious from media comment and questions of ordinary citizens that many people are unclear about what "negative gearing" means, who has access to it, how it helps them and whether it is fair.

Is it just a perk for the wealthy or is it something that can help even those on modest incomes to purchase their own home.  At  present, negative gearing is only available on investment property - perhaps it should be available instead to those buying their first or only home?

There are many questions about this issue and competing attitudes about whether its abandonment or change would make it easier or harder for people to buy their own harms.  The following article may give you some greater understanding.

Your comments or questions are welcome.

Source: Explainer: Negative gearing and capital gains tax - ABC News (Australian Broadcasting Corporation)

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